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Interest Rates

Global Financial Report, Shayne Heffernan

Having hit recent lows at the end June, so called risk assets have recovered most of those losses, but there are some noteworthy deviations that strongly suggest caution remains.
Measuring the rebound, the S&P 500 has recovered the majority of its losses since the end of June, and is now eagerly re-testing the key 1075/80 breakdown [...]

ASEAN Markets

ASEAN Markets started the first session of the third quarter weaker, along with other Asian stocks and commodities, after manufacturing data showed China’s rapid growth was slowing, increased fears of a global double dip.
US stocks pared earlier losses but could not climb out of the red on Thursday, as disappointing housing and jobs data weighed [...]

Abhisit Vejjajiva Popularity Soars in Thailand

Thailand Prime Minister Abhisit Vejjajiva is fast becoming the most popular PM in Thailand’s history, this week he received the highest confidence vote of any cabinet minister in a survey of people in 30 provinces, Bangkok Poll of Bangkok University.
The Bangkok Poll said it surveyed people around the nation on “How People Feel about [...]

Abhisit Vejjajiva to Take Action in Bangkok Crisis

“From now on, what the government will do may risk clashes and losses, but the government knows what it’s doing. What needs to be done must be done,” Abhisit Vejjajiva said in a weekly televised address.
“I have already decided what steps to take, but I need to make sure it will be successful and [...]

New Zealand holds interest rate unchanged

The New Zealand Reserve Bank today left the benchmark interest on hold at 2.5% and reiterated it expects to start hiking the cost of borrowing from the middle of the year. In his statement today, Reserve Bank Governor Alan Bollard said the New Zealand economy is recovering broadly as expected and growth is predicted to [...]